Senate Negotiators Homing In on Proposal to Tax Billionaires
We ran the numbers: There are 1798 news articles covering this topic. 66% (1178) are left leaning, 18% (332) are center, and 16% (288) are right leaning.
Democratic Senate negotiators are homing in on a final proposal to tax the nation’s wealthiest individuals. While left-leaning articles highlight that the Democrats’ idea for a new billionaires’ tax to help pay for Biden’s social services and climate change plan quickly ran into criticism as too cumbersome, right-leaning articles highlight that Biden hopes to have a deal on his massive social spending plan before heading to Europe this week.
A left-leaning article by The Washington Post highlights that the Democrats’ idea for a new billionaires’ tax to help pay for Biden’s social services and climate change plan quickly ran into criticism as too cumbersome. Some lawmakers prefer the original plan of simply raising the top tax rates on corporations and the wealthy.
The Hill published a centrist article reporting that the proposal would apply only to taxpayers who have more than $1 billion in assets or who earn $100 million in income for three consecutive years. The proposal would apply to around 700 taxpayers.
A right-leaning article by New York Post highlights that Biden said he hopes to have a deal on his massive social spending plan before heading to Europe this week. Democrats are eyeing a new “wealth tax” on billionaires to salvage the package.